Dow Intraday Charts 22/04 - 26/04

ChartMan

Legendary member
5,580 46
3 pk nd top and bottom and a 3 pk pd reversal- another boring day....sliding down below the 100MA, closing above it just before the close.
 

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ChartMan

Legendary member
5,580 46
3 pk confirmed ND top. Failed bull flag. Horizontal support failure and 3 slope change that may indicate the bottom...
 

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ChartMan

Legendary member
5,580 46
Yesterday's 3 slope change did reflect intraday bottom....That lead to a bear flag, target 066, confirmed by the 3 pk nd top and the drop through the 100MA. Notice also the total "rounded top".
Enough clues?
 

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ChartMan

Legendary member
5,580 46
4th slope change defining bottom. 3 pk nd top, expanding triangle leading to high volatility, Inv H&S with target, price reversing off resistance to become support ( up trend confirmation rule?). Wolfe target.....will we get there?
 

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ChartMan

Legendary member
5,580 46
The 4th slope change onl gave a short lived rally...The Wolfe target was ...almost met...H&S target becomes, eventually, resistance. Note the pullback to resistance as support is lost on the H&S. Tih is a common feature and a good entry point to wait for.
 

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